The Notting Hill Music Group Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03115318 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2024 to 31 March 2025

for

The Notting Hill Music Group Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

4

Directors:

D Loader

B Loader

A Mcqueen

Registered office:

128 City Road

London

EC1V 2NX

Registered number:

03115318 (England and Wales)

Accountants:

Burfords

Chartered Certified Accountants

19 Welling High Street

Welling

Kent

DA16 1TR

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Notting Hill Music Group Limited for the period ended 31 March 2025 which comprise the Statement of comprehensive income, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of The Notting Hill Music Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Notting Hill Music Group Limited and state those matters that we have agreed to state to the Board of Directors of The Notting Hill Music Group Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Notting Hill Music Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Notting Hill Music Group Limited. You consider that The Notting Hill Music Group Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of The Notting Hill Music Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Burfords

Chartered Certified Accountants

19 Welling High Street

Welling

Kent

DA16 1TR

29 May 2026

Fixed assets

Investments

4

140,132

Current assets

Debtors

5

628,047

267,572

Cash at bank

1,873,226

2,081,119

2,501,273

2,348,691

Creditors

Amounts falling due within one year

6

2,503,698

2,386,461

Net current liabilities

(2,425

)

(37,770

)

Total assets less current liabilities

137,707

102,362

Capital and reserves

Called up share capital

50,000

Retained earnings

87,707

52,362

Shareholders' funds

137,707

102,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

D Loader - Director

1.	Statutory information

The Notting Hill Music Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about The Notting Hill Music Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Going concern

The Notting Hill Music Group continue to work closely with Kobalt Music Services Limited who administer the Group's catalogue, seeking out and collecting royalties throughout most territories in the World excluding Japan and the Far East where we have long standing arrangements with Sony and Sony ATV.

The groups bankers, Coutts & Co., continue to be supportive of the Group in its ongoing development having considered the off balance sheet value of its catalogue. The entrance into the market of a number of heavily funded acquisition vehicles hungry for music copyrights continues to push the value of the catalogue ever upwards with comparable song catalogues now achieving multiples in excess of 20 times annual NPS.

The Directors continue to pursue their dual focus on extending retention of rights periods with existing clients to enhance catalogue value whilst adding a few high-quality new writers & producers to its roster each year to maintain growth in current hit royalty income. The policy is working brilliantly with records breaking income quarters regularly being posted.

There has been an increase in the volume of synchronisations placed in films, television and adverts and the public continue to initiate billions of streams from the Group's catalogue throughout the world from the likes of Spotify, Apple Music and Amazon Music. With uplift in publishing income from streaming coming from the final Copyright Royalty Board ruling in the USA (an improvement of some 40% on previous streaming rates) the company is already seeing a dramatic uptick in streaming earnings which now forms the bedrock of our royalty income.

Investments in subsidiaries

Interests in subsidiaries are initially recorded at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	Employees and directors

The average number of employees during the period was 3 (2023 - 3 ) .

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 January 2024

and 31 March 2025

140,132

Net book value

At 31 March 2025

140,132

At 31 December 2023

140,132

5.

Debtors: amounts falling due within one year

31.3.25

31.12.23

£

Amounts owed by group undertakings

628,047

267,572

Amounts due from group undertakings are unsecured, interest free and repayable on demand.

6.

Creditors: amounts falling due within one year

31.3.25

31.12.23

£

Trade creditors

350

-

Amounts owed to group undertakings

2,391,675

2,256,054

Other creditors

111,673

130,407

2,503,698

2,386,461

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

There is a bank overdraft facility in place, of which £Nil (2023: £Nil) was utilised at the year end. which is secured by way of a composite guarantee between Notting Hill Music (UK) limited, Notting Hill Copyrights Limited and The Notting Hill Music Group Limited and a mortgage Debenture by Notting Hill Music (UK) Limited dated 09 April 2010.